Nigerian central bank acts without MPC after quorum failure
Emefiele holds monetary policy steady, hails continued fall in inflation
Nigeria’s central bank has been unable to hold its scheduled monetary policy committee meeting because it lacked enough members to form a quorum, it announced today (January 22).
The Central Bank of Nigeria instead held its policy rate, and all other monetary policy instruments, at their previous levels, says governor Godwin Emefiele in an official statement.
The monetary policy committee (MPC) lacks sufficient members, as Nigeria’s parliament has failed to approve candidates nominated by
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